The Email Encryption Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Email Encryption Global Market Report 2024, The email encryption market size has grown exponentially in recent years. It will grow from $6.4 billion in 2023 to $7.91 billion in 2024 at a compound annual growth rate (CAGR) of 23.6%. The growth in the historic period can be attributed to data privacy concerns, compliance regulations, rise in cyber threats, increasing use of mobile devices, globalization of business.
The email encryption market size is expected to see exponential growth in the next few years. It will grow to $18.34 billion in 2028 at a compound annual growth rate (CAGR) of 23.4%. The growth in the forecast period can be attributed to evolution of advanced threats, remote work security, quantum computing threats, enhanced user experience. Major trends in the forecast period include integration with collaboration tools, end-to-end encryption, cloud-based encryption solutions, advanced threat protection, user-friendly encryption interfaces.
Rising instances of enterprise email threats are expected to propel the growth of the email encryption market going forward. Email threats are a type of email fraud in which cybercriminals pretend to be reputable organizations to access private data. Email encryption encrypts emails with the help of advanced technologies, which offer end-to-end email encryption to businesses and protect the email threats attached along with the email. For instance, in February 2021, Google LLC, a US-based technology company, blocked an average of 100 million harmful emails from reaching Gmail users daily. Therefore, rising instances of enterprise email threats are driving the email encryption market growth.
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The email encryption market covered in this report is segmented –
1) By Component: Solutions, Services
2) By Deployment Mode: Cloud, On-Premises
3) By Organization Size: Large Enterprises, Small and Medium Enterprises (SMEs)
4) By Vertical: BFSI, Government and Defense, IT and ITeS, Telecommunication, Energy and Utilities, Manufacturing, Retail and eCommerce, Healthcare, Other Verticals
Major companies operating in the email encryption market are adopting a strategic partnership approach to enhance email security for GoDaddy’s customers. Strategic partnerships refer to a process in which companies leverage each other’s strengths and resources to achieve mutual benefits and success. For instance, in May 2022, INKY Technology, a US-based cloud-based communication security platform, partnered with GoDaddy Inc., a US-based petroleum business company. With this partnership, these companies aim to enhance detection capabilities and dynamic banners, providing a safe and user-friendly email experience to hundreds of thousands of GoDaddy customers.
The email encryption market report table of contents includes:
1. Executive Summary
2. Email Encryption Market Characteristics
3. Email Encryption Market Trends And Strategies
4. Email Encryption Market Size And Growth
5. Email Encryption Market Segmentation.
…..
26. Email Encryption Market Regional And Country Analysis
27. Email Encryption Market Competitive Landscape And Company Profiles
28. Email Encryption Market Key Mergers And Acquisitions
29. Email Encryption Market Future Outlook and Potential Analysis
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